Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,000 pounds of oysters in August. The company's flexible budget for August appears below Quilcene oysteria Flexible Budget For the Month Ended August 31 Actual pounds (q) 7,000 $29,400 2,100 3,000 Revenue ($4.20q) Expenses: Packing supplies ($0.30q) Oyster bed maintenance $3,000) Wages and salaries ($2,500 + $0.45q) Shipping ($0.65q) Utilities ($1,290) Other ($510 $0.01q) 5,650 4,550 1,290 580 17,170 $12,230 Total expense Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 7,000 $27,200 2,270 2,860 31 Actual pounds Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other 6,060 4,280 1,100 1,200 17.770 Total expense Net operating income $ 9,430 Required Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31